Homes for sale - 933 N Madison Street, Stockton, CA 95202

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Vicky Van Brocklin

vicky@vickyvanbrocklin.com +1(925) 785-6380

Listed by Helen Chong • Real Brokerage Technologies

$899,900

Est. payment - /mo

6,208 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 6,208 sqft

Price per Sqft $144

MLS Listing ID ML82013341

HOA Y/N No

Year Built 1917

Lot Size 5,000 Sqft

Property Sub-Type Other

Source Datashare MLSListings

Property Description

Significant Price Improvement! Tremendous opportunity to achieve 9%+ cap rate with rental agreements already in place. 8 unit multi-family located near downtown Stockton with great unit mix - two bedroom (5), one bedroom (3). Historically high cash flow performing asset with additional upside. One of the buildings suffered fire damage (to one area of building and unit), and currently vacant but has agreements in place; leases signed, for immediate occupancy once repairs are complete and occupancy certificate issued. All units individually metered, more than half of the current leases have utilities paid by tenants; owner responsibility minimal in terms of utility expenses. Great entry point for investors willing to put in some work, with opportunity for immediate returns on rental income with completion of repairs. Corner lot with ample parking. Utility companies note address as 931-941 N Madison. Contact broker team for further details.

Location

State CA

County San Joaquin

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

View City Lights

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Vicky Van Brocklin

Broker | License ID: 01512910

+1(925) 785-6380

vicky@vickyvanbrocklin.com

3001 Bishop Drive Suite 300, San Ramon, CA, 94583

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933 N Madison Street Stockton, CA 95202

Vicky Van Brocklin

Key Details

Location

Interior

Exterior

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